Study

Credit VS Debit Card

  •   0%
  •  0     0     0

      Back   Restart
  • This card is linked to a checking account.
    Debit Card
  • Card balances can be paid at the end of the month to avoid interest.
    Credit Card
  • Users can ask for cash back at the time of purchase
    Debit Card
  • This card can be used at an ATM to withdraw cash from a checking account
    Debit Card
  • Users borrow money on the card and pay it at a later time
    Credit Card
  • A small plastic card with a specific account number
    Both
  • Purchases are subject to interest charges if the balance is not paid in full
    Credit card
  • Users are limited to a specific amount called a credit limit.
    Credit Card
  • This card can be used at an ATM to withdraw cash from a checking account.
    Debit Card
  • Payment history is recorded on a credit report.
    Credit Card
  • Users can set up a personal security code called a PIN number.
    Debit Card
  • Customers spend the money in their accounts at the time of purchase.
    Debit Card
  • Allows for unlimited purchases
    Neither
  • Transactions are recorded in a monthly statement
    Both
  • Users can earn rewards like cash back or points towards travel
    Credit Card
  • Users can sometimes be responsible for an annual fee or other penalties.
    Credit Card
    • Your experience on this site will be improved by allowing cookies.